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Groww vs Tradesmart Online – Compare Charges, Trading Features, Offers & more

Find a Comparison of Groww vs Tradesmart Online here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Groww and Tradesmart Online.

Background

Year of Incorporation 2017 2015
Website https://groww.in/ https://tradesmartonline.in/
Phone +91 9108800604 022-61208000
Exchanges enabled NSE, BSE, MCX & NCDEX NSE, BSE
Demat (NSDL/CDSL) NSDL CDSL
Brokerage

Equity Rs 20 or 0.05% per order Rs 15 or 0.07% per executed order
Equity Futures Rs 20 per executed order Rs 15 or 0.07% per executed order
Equity Options Rs 20 per executed order Rs 7 per lot
Currency Futures Rs 0 R15 or 0.07% of Turnover
Currency Options Rs 0 Rs 7 per lot
Commodity Rs 0 Rs 7 per lot
Account Opening Costs

Trading only Free Rs 400
Trading & Demat Rs. 0 Rs 400
Commodity Rs. 0 NA
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.0035% of Turnover
Futures 0.0035% 0.0024% of Turnover
Options 0.07% 0.0715% of Premium Turnover
Commodities 0.004% NA
AMC charge Rs 0 Rs 300/yr
DP Transaction Charge Rs.13.5 per company Rs 15/debit instruction
Offline order placing Charge Rs 25 Rs 20/executed order
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 5 days on NOW
End of Day 10 days 10 days on NOW
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 5x 5x for intraday
Equity Futures 2x for intraday 2x for intraday
Equity Options No leverage No Margin
Currency Futures 2x for intraday 2x for intraday
Currency Options No leverage No Margin
Commodity 2x for intraday 1x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 70.6 crores Rs 4 Lakhs
Profit after Tax FY12/13 Rs 70.48 crores Rs 17 Lakhs
Profit after Tax FY13/14 Rs 73.78 Crore Rs 23 Lakhs
Profit after Tax FY 14/15 Rs 75.92 Crore Rs 23.14 Lakh
Profit after Tax FY 15/16 Rs 82.85 Crore Rs 33.53 Lakh
Profit after Tax FY 16/17 Rs 90.11 Crore Rs 35.78 Lakh
Profit after Tax FY 17/18 Rs 106.09 Crore Rs 38.81 Lakh
Profit after Tax FY 18/19 Rs 115.68 Crore Rs 40.22 Lakh
Profit after Tax FY 19/20 Rs 120.61 Crore Rs 46.22 Lakh
Profit after Tax FY 20/21 Rs 141.70 Crore Rs 49.57 Lakh
Profit after Tax FY 21/22 Rs 244.93 Crore Rs 54.47 Lakh
Profit after Tax FY 22/23 Rs 205.65 Crore Rs 66.68 Lakh
Debt FY11/12 Rs 51 Crores Rs 8.7 Lakhs
Debt FY12/13 Rs 41.5 Crores Rs 6 Lakhs
Debt FY13/14 Rs 42.93 Crore Rs 3.05 Crores
Debt FY14/15 Rs 49.48 Crore Rs 4.69 Crore
Debt FY15/16 Rs 41.73 Crore Rs 4.26 Crore
Debt FY16/17 Rs 54.26 Crore Rs 3.27 Crore
Debt FY17/18 Rs 69.77 Crore Rs 4.20 Crore
Debt FY18/19 Rs 57.16 Crore Rs 4.03 Crore
Debt FY19/20 Rs 51.39 Crore Rs 4.04 Crore
Debt FY20/21 Rs 57.47 Crore Rs 4.77 Crore
Debt FY21/22 Rs 77.59 Crore Rs 4.07 Crore
Debt FY22/23 Rs 80.11 Crore Rs 3.81 Crore
Profit to Equity(%) FY11/12 62.90 0.99
Profit to Equity(%) FY12/13 12.38 2.63
Profit to Equity(%) FY13/14 14.86 3.54
Profit to Equity(%) FY14/15 17.05 7.67
Profit to Equity(%) FY15/16 14.29 5.79
Profit to Equity(%) FY16/17 19.11 5.11
Profit to Equity(%) FY17/18 21.51 8.16
Profit to Equity(%) FY18/19 18.17 5.10
Profit to Equity(%) FY19/20 14.49 8.87
Profit to Equity(%) FY20/21 18.46 5.50
Profit to Equity(%) FY21/22 14.70 7.42
Profit to Equity(%) FY22/23 25.75 6.08
Balance Sheet Size FY11/12 Rs 304 Crores Rs 9.26 Crores
Balance Sheet Size FY12/13 Rs 296.15 Crores Rs 9.28 Crores
Balance Sheet Size FY13/14 Rs 333.40 Crore Rs 22.35 Crores
Balance Sheet Size FY14/15 Rs 306.36 Crore Rs 24.88 Crore
Balance Sheet Size FY15/16 Rs 533.57 Crore Rs 27.85 Crore
Balance Sheet Size FY16/17 Rs 544.52 Crore Rs 43.79 Crore
Balance Sheet Size FY17/18 Rs 3952.01 Crore Rs 38.20 Crore
Balance Sheet Size FY18/19 Rs 4280.32 Lakh Rs 31.09 Crore
Balance Sheet Size FY19/20 Rs 4476 Lakh Rs 45.13 Crore
Balance Sheet Size FY20/21 Rs 4627 Lakh Rs 36.75 Crore
Balance Sheet Size FY21/22 Rs 6184.35 Lakh Rs 42.25 Crore
Balance Sheet Size FY22/23 Rs 5994 Crores Rs 23.91 Crore

Comparison Link:

Compare Groww Compare Tradesmart Online
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Frequently Asked Questions

Is Groww better than Tradesmart Online ?

Groww and Tradesmart Online are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Tradesmart Online better than Groww ?

Groww and Tradesmart Online are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Groww cheaper than Tradesmart Online ?

Groww and Tradesmart Online are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Tradesmart Online cheaper than Groww ?

Groww and Tradesmart Online are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Groww vs. Tradesmart Online ?

To find out the better of the two stockbrokers Groww and Tradesmart Online, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.